1 00:00:03,040 --> 00:00:07,120 Speaker 1: Broadcasting live to New York Cloomberg eleven rio who watching 2 00:00:07,160 --> 00:00:10,920 Speaker 1: it in d C Roomberg one to Boston Blueberg well 3 00:00:11,000 --> 00:00:14,640 Speaker 1: runners see San Francisco Bloomberg nine sixty to the Country 4 00:00:14,800 --> 00:00:18,360 Speaker 1: Series Exam Channel one nineteen and around the globe the 5 00:00:18,400 --> 00:00:23,000 Speaker 1: Bloomberg Radio plus Aven Boomberg dot com. This is RUMBERK Surveillance. 6 00:00:23,800 --> 00:00:26,960 Speaker 1: Good morning. I'm Karen Moscow along with Tom Keenan Michael McKee. 7 00:00:27,000 --> 00:00:30,000 Speaker 1: The opening val brought to you by SEI. Today's competitive 8 00:00:30,040 --> 00:00:34,720 Speaker 1: marketplace requires asset managers to become more operationally adept imagine 9 00:00:34,720 --> 00:00:38,280 Speaker 1: transforming your business. But seis global platform at se i 10 00:00:38,360 --> 00:00:42,760 Speaker 1: C dot com. Slash imagine. Stocks are lower at the open. 11 00:00:42,840 --> 00:00:45,400 Speaker 1: The SNP five hundred down three tenths per center five 12 00:00:45,440 --> 00:00:49,440 Speaker 1: points to five down. Jones Industrial average down two tenths 13 00:00:49,440 --> 00:00:51,839 Speaker 1: per cent or forty three points to seventeen thousand, five 14 00:00:51,920 --> 00:00:54,360 Speaker 1: hundred eighty one. Then as Act down half per center 15 00:00:54,400 --> 00:00:57,200 Speaker 1: twenty five points to forty seven eighties three ten, Your 16 00:00:57,240 --> 00:01:00,240 Speaker 1: treasury up seven thirty seconds, the yield eight per cent 17 00:01:00,320 --> 00:01:02,360 Speaker 1: that you'll done a two year point eight four percent 18 00:01:02,800 --> 00:01:05,200 Speaker 1: nom X crude oil down one point four percent or 19 00:01:05,240 --> 00:01:08,839 Speaker 1: fifty eight cents to forty cents of barrel. Comic gold 20 00:01:08,880 --> 00:01:11,200 Speaker 1: is up eight ten percent or not dollars fifty cents 21 00:01:11,240 --> 00:01:13,760 Speaker 1: to twelve fifty three eight n ounce the euro a 22 00:01:13,840 --> 00:01:16,840 Speaker 1: dollar twelve twenty three d n one eleven point six one. 23 00:01:16,920 --> 00:01:18,880 Speaker 1: Tom and Mike Karen, thanks so much. You will go 24 00:01:18,880 --> 00:01:21,760 Speaker 1: to Brussels here in moment with a number of live 25 00:01:21,959 --> 00:01:25,360 Speaker 1: reports as are important reports. But right now on the 26 00:01:25,400 --> 00:01:27,959 Speaker 1: markets with run on the screen negative fifties seven, the 27 00:01:28,040 --> 00:01:31,920 Speaker 1: VIX advancing by point seven eight points fourteen point five 28 00:01:32,560 --> 00:01:36,200 Speaker 1: uh seven is David Wilson, what do you do take 29 00:01:36,200 --> 00:01:38,840 Speaker 1: a general market tact or do you focus on securities 30 00:01:38,880 --> 00:01:41,920 Speaker 1: affected by what we saw in Brussels? Well, you really 31 00:01:41,959 --> 00:01:45,440 Speaker 1: do the ladder because you are seeing the airline stocks 32 00:01:45,840 --> 00:01:49,120 Speaker 1: down and they had been market leaders since the stocks 33 00:01:49,200 --> 00:01:53,160 Speaker 1: hit bottom last month. It concerned clearly that the bombings 34 00:01:53,160 --> 00:01:56,200 Speaker 1: and Brussels may discourage travel to Europe. And you've got 35 00:01:56,240 --> 00:01:59,400 Speaker 1: American Air down three percent in early training, Delta Air 36 00:01:59,440 --> 00:02:02,160 Speaker 1: also down three percent, United Continental down two and a 37 00:02:02,200 --> 00:02:06,440 Speaker 1: half percent. Cruise line owners are falling as well. Carnival 38 00:02:06,520 --> 00:02:09,000 Speaker 1: shares down a bit more than three percent. We're all 39 00:02:09,040 --> 00:02:12,240 Speaker 1: Caribbean down about two and a half percent and just 40 00:02:12,360 --> 00:02:15,800 Speaker 1: some other stocks of note, you've got Yahoo damn about 41 00:02:15,800 --> 00:02:17,639 Speaker 1: one and a half percent. The web coar portal was 42 00:02:17,680 --> 00:02:20,760 Speaker 1: cut to neutral from by at C Group. Symantec up 43 00:02:20,760 --> 00:02:23,800 Speaker 1: a half a percent, The makeup security software Story at 44 00:02:23,800 --> 00:02:26,600 Speaker 1: a billion dollars stock by back and declared a special 45 00:02:26,639 --> 00:02:29,840 Speaker 1: dividend of four dollars a share. Win Resorts up three 46 00:02:29,880 --> 00:02:32,120 Speaker 1: and a half percent. The casino owner raised the equivalent 47 00:02:32,120 --> 00:02:34,760 Speaker 1: of buy from hold at Morgan Stanley Zillo Group of 48 00:02:34,960 --> 00:02:38,680 Speaker 1: six percent. The real estate website owner lifted the equivalent 49 00:02:38,680 --> 00:02:42,079 Speaker 1: of buy from holding OURBC Capital Markets trans Ocean down 50 00:02:42,120 --> 00:02:46,560 Speaker 1: about five percent. UH the real chief executive Jeremy Thigpen 51 00:02:46,720 --> 00:02:49,280 Speaker 1: said he doesn't expect the oil driller to begin charging 52 00:02:49,360 --> 00:02:52,120 Speaker 1: higher rates for offshore rigs for at least three years. 53 00:02:52,600 --> 00:02:55,959 Speaker 1: And G three Apparel down twenty three percent. Fiscal fourth 54 00:02:56,000 --> 00:02:58,359 Speaker 1: quarter earnings and sales were lower than the averageist estimates 55 00:02:58,360 --> 00:03:01,720 Speaker 1: in Bloomberg survey, and G three fully your profit forecast 56 00:03:01,760 --> 00:03:05,839 Speaker 1: trailed the lowest projection. David Wilson, thank you so much. 57 00:03:05,880 --> 00:03:09,280 Speaker 1: Appreciate this morning again negative forty nine on the doubt. 58 00:03:09,360 --> 00:03:11,760 Speaker 1: He has been with his five, six and seven times today. 59 00:03:11,800 --> 00:03:15,080 Speaker 1: He has been tireless. Jones Hayden with decades of experience 60 00:03:15,160 --> 00:03:19,680 Speaker 1: in Brussels and is our bureau chief in Brussels. What 61 00:03:19,760 --> 00:03:23,640 Speaker 1: would you look for, uh Jones, going into the evening? 62 00:03:23,800 --> 00:03:26,800 Speaker 1: What what what is the thing you will listen for 63 00:03:26,960 --> 00:03:32,320 Speaker 1: in your Brussels Well, we're hoping, um that to kind 64 00:03:32,320 --> 00:03:34,639 Speaker 1: of get an all clear, but I don't think we're 65 00:03:34,639 --> 00:03:37,440 Speaker 1: going to get that. You know, the police and the 66 00:03:37,440 --> 00:03:41,880 Speaker 1: security forces are now you know, looking for other packages 67 00:03:42,280 --> 00:03:44,760 Speaker 1: um in the metro system and at the airport and 68 00:03:44,800 --> 00:03:47,280 Speaker 1: making sure that everything is all clear. So what you 69 00:03:47,280 --> 00:03:50,800 Speaker 1: know you're hearing here in Brussels is more explosions, but 70 00:03:50,840 --> 00:03:54,480 Speaker 1: they're controlled explosions as as the bomb squad goes through 71 00:03:54,600 --> 00:03:58,160 Speaker 1: and and gets rid of other suspicious looking packages. UM. 72 00:03:58,200 --> 00:03:59,840 Speaker 1: So I think we're just going to be on tenter 73 00:04:00,000 --> 00:04:01,840 Speaker 1: looks like through the rest of the evening and probably 74 00:04:01,880 --> 00:04:05,040 Speaker 1: into tomorrow as well. Um the airport is supposed to 75 00:04:05,040 --> 00:04:08,720 Speaker 1: open reopen tomorrow and they haven't given a time for that. Um. 76 00:04:08,760 --> 00:04:11,360 Speaker 1: You know, we'll see how that goes and how smoothly 77 00:04:11,480 --> 00:04:13,320 Speaker 1: um we can have we can have that come about. 78 00:04:13,840 --> 00:04:16,360 Speaker 1: I want to ask you such a scene for us 79 00:04:17,120 --> 00:04:21,480 Speaker 1: we have We've read that the airport obviously is closed, 80 00:04:21,760 --> 00:04:24,800 Speaker 1: Trains aren't moving. The only way in or out is car. 81 00:04:24,839 --> 00:04:29,400 Speaker 1: The Brussels people government has shut down surface transportation in 82 00:04:29,480 --> 00:04:32,440 Speaker 1: the city. What is Brussels like for people who haven't 83 00:04:32,480 --> 00:04:34,960 Speaker 1: been there, and what's it like trying to get around 84 00:04:35,080 --> 00:04:37,800 Speaker 1: if you were trying to live your in ordinary life 85 00:04:37,880 --> 00:04:41,160 Speaker 1: there today, what would it be like. Well, if you're 86 00:04:41,200 --> 00:04:43,880 Speaker 1: in the European Quarter um and a lot of people 87 00:04:43,960 --> 00:04:46,839 Speaker 1: are here, you know, if you're if you work, uh, 88 00:04:47,080 --> 00:04:50,240 Speaker 1: you know, at one of the European Union institutions or 89 00:04:50,360 --> 00:04:54,440 Speaker 1: for the myriad of companies that cater to the European institutions, 90 00:04:54,680 --> 00:04:56,920 Speaker 1: then you're having a hard time of it because they 91 00:04:56,960 --> 00:05:00,560 Speaker 1: have a perimeter around the subway system him in this 92 00:05:00,640 --> 00:05:03,920 Speaker 1: area and that just keeps getting wider um as they 93 00:05:03,960 --> 00:05:06,479 Speaker 1: push people back, so it takes a long time to 94 00:05:06,520 --> 00:05:08,479 Speaker 1: get to get around it. So it's just a big 95 00:05:08,760 --> 00:05:11,680 Speaker 1: inconvenience um where you know, you hope that that is 96 00:05:11,720 --> 00:05:15,000 Speaker 1: a positive sign that that the security forces are there 97 00:05:15,000 --> 00:05:17,120 Speaker 1: and they're taking care of stuff. But you know, in 98 00:05:17,200 --> 00:05:19,599 Speaker 1: the back of your mind, you know, after this morning, 99 00:05:19,640 --> 00:05:21,320 Speaker 1: you're always going to have you know what if there's 100 00:05:21,360 --> 00:05:23,560 Speaker 1: another one, You're always gonna be thinking what if there's 101 00:05:23,560 --> 00:05:27,560 Speaker 1: another bomb about to go off someplace else. We obviously 102 00:05:27,600 --> 00:05:32,000 Speaker 1: have seen much concern about terrorism in Brussels, with the 103 00:05:32,080 --> 00:05:35,279 Speaker 1: arrest of the terror suspect this past week and the 104 00:05:35,400 --> 00:05:39,200 Speaker 1: search for him for so many months. What's the general mood. 105 00:05:39,279 --> 00:05:42,000 Speaker 1: We were talking just before the break about the moon 106 00:05:42,080 --> 00:05:44,120 Speaker 1: of the people and how it will affect the economy, 107 00:05:44,160 --> 00:05:46,760 Speaker 1: how it will affect daily life going forward. From the 108 00:05:46,880 --> 00:05:49,680 Speaker 1: perspective of someone who lives there, what's it going to 109 00:05:49,720 --> 00:05:52,599 Speaker 1: be like? Well, you know, we we were, you know, 110 00:05:52,640 --> 00:05:56,039 Speaker 1: feeling pretty good after Friday, you know, thinking we've made 111 00:05:56,040 --> 00:05:59,320 Speaker 1: big strides Belgium, thinking has made big strides against the 112 00:05:59,440 --> 00:06:03,080 Speaker 1: terrorist um network um. But now we're plunged back into 113 00:06:03,160 --> 00:06:06,080 Speaker 1: something similar to what we had in November, you know, 114 00:06:06,120 --> 00:06:09,480 Speaker 1: in the immediate wake of the Paris terror attacks. Of course, 115 00:06:09,520 --> 00:06:12,479 Speaker 1: that investigation came back, you know, came here to Brussels 116 00:06:12,480 --> 00:06:15,719 Speaker 1: almost immediately, and we had a lockdown. And and what 117 00:06:15,760 --> 00:06:19,800 Speaker 1: we're experiencing right now is even more severe than that 118 00:06:19,920 --> 00:06:23,160 Speaker 1: lockdown here because the airport is closed as well as 119 00:06:23,200 --> 00:06:26,920 Speaker 1: all the trains. We are tourists. When I tell people Jones, 120 00:06:26,960 --> 00:06:29,800 Speaker 1: I go to Brussels I've been a couple of times, folks. Uh, 121 00:06:30,480 --> 00:06:33,160 Speaker 1: I see just the surface of it. If you go 122 00:06:33,320 --> 00:06:37,120 Speaker 1: from the Brussels Palace and you go across that lovely 123 00:06:37,160 --> 00:06:40,800 Speaker 1: park and then you turn right and go down excuse 124 00:06:40,839 --> 00:06:45,080 Speaker 1: my fractured French rutalawa, and you get to Melby, you 125 00:06:45,080 --> 00:06:48,920 Speaker 1: get to the Melby train station. What is around that? What? 126 00:06:48,920 --> 00:06:52,359 Speaker 1: What is that part of Brussels? Well, at this point 127 00:06:52,480 --> 00:06:55,680 Speaker 1: what is around that is a big tording of police 128 00:06:55,680 --> 00:06:59,160 Speaker 1: and security officers. Nobody can get close to it. Um, 129 00:06:59,160 --> 00:07:03,080 Speaker 1: they're in there combing the wreckage of the bomb. Even 130 00:07:03,160 --> 00:07:05,160 Speaker 1: even now they're continuing to go through it to make 131 00:07:05,160 --> 00:07:08,200 Speaker 1: sure there's not another package in there that that may 132 00:07:08,240 --> 00:07:12,280 Speaker 1: go off. So they and they keep pushing back the people. Um. 133 00:07:12,320 --> 00:07:14,600 Speaker 1: So earlier, you know, we could get fairly close and 134 00:07:14,640 --> 00:07:17,760 Speaker 1: see um people going in because the officials going in 135 00:07:17,840 --> 00:07:20,640 Speaker 1: and stuff. But now we're way back. Everybody is way back. 136 00:07:20,960 --> 00:07:23,400 Speaker 1: We can't even get close to it. Well, this, of course, 137 00:07:23,880 --> 00:07:27,080 Speaker 1: this metro stop is just to block away from the 138 00:07:27,120 --> 00:07:30,880 Speaker 1: EU headquarters. Right right, it's right down it's right down there, 139 00:07:30,880 --> 00:07:33,800 Speaker 1: and it's near the European Parliament. The European Parliament was 140 00:07:33,840 --> 00:07:36,680 Speaker 1: having hearings today that they were suspended um, but then 141 00:07:36,720 --> 00:07:39,480 Speaker 1: they started up again UM. So that you know, they're trying, 142 00:07:39,840 --> 00:07:42,040 Speaker 1: you know, to put on a face of things as usual, 143 00:07:42,480 --> 00:07:45,520 Speaker 1: things operating as normal, but it's not quite the case. 144 00:07:46,680 --> 00:07:50,360 Speaker 1: What's the general feeling to live in Brussels these days? 145 00:07:50,400 --> 00:07:53,120 Speaker 1: Is there a question like why us? Why are we 146 00:07:53,160 --> 00:07:58,080 Speaker 1: the locusts of terror? Um? I don't know if it's 147 00:07:58,160 --> 00:08:00,520 Speaker 1: if they if people put it in that um, in 148 00:08:00,600 --> 00:08:03,160 Speaker 1: that kind of phrasing um, but you know there is 149 00:08:03,200 --> 00:08:06,360 Speaker 1: this question being asked, why is it You know that 150 00:08:06,480 --> 00:08:10,120 Speaker 1: mullin Bake seems to be you know, a hotbed for um. 151 00:08:10,320 --> 00:08:13,880 Speaker 1: Um she hottest Why you know, terrorist cells seem to 152 00:08:14,000 --> 00:08:18,240 Speaker 1: like um being here in Belgium and in Brussels, and 153 00:08:18,280 --> 00:08:20,920 Speaker 1: they're still trying to figure that out, you know. And 154 00:08:20,920 --> 00:08:24,320 Speaker 1: and the whole immigration issue that the EU is dealing with. 155 00:08:24,400 --> 00:08:26,360 Speaker 1: You know, we had this big summit here, you know, 156 00:08:26,640 --> 00:08:29,440 Speaker 1: very near where this bomb took off on Friday, Thursday 157 00:08:29,480 --> 00:08:31,240 Speaker 1: and Friday of last week, and that's all about how 158 00:08:31,280 --> 00:08:33,960 Speaker 1: do you deal with all these masses of people coming 159 00:08:34,040 --> 00:08:37,440 Speaker 1: into the EU and making sure that you're still safe. 160 00:08:37,800 --> 00:08:41,199 Speaker 1: Jones will probably speak to you tomorrow. Jones Hayden, our 161 00:08:41,360 --> 00:08:45,800 Speaker 1: duty in Brussels, and our Belgium, our bureau chief, I 162 00:08:45,800 --> 00:08:49,320 Speaker 1: should say, in Brussels. Uh, this morning, Mike. We're all 163 00:08:49,360 --> 00:08:53,319 Speaker 1: getting a little more knowledgeable about Brussels today. Yes, both 164 00:08:53,320 --> 00:08:55,240 Speaker 1: of us been there a couple of times, well, I 165 00:08:55,320 --> 00:08:59,600 Speaker 1: mean many times. But our steepest sympathies and thoughts go 166 00:08:59,600 --> 00:09:03,040 Speaker 1: out to the people of Brussels and a number of 167 00:09:03,360 --> 00:09:07,000 Speaker 1: international corporations reporting on the safety of their employees and 168 00:09:07,720 --> 00:09:10,280 Speaker 1: of course for much of them, any good news there 169 00:09:10,480 --> 00:09:19,360 Speaker 1: is wealth. The TAO negative fifty eight points on Wall Street. 170 00:09:19,360 --> 00:09:21,959 Speaker 1: This hour of surveillance brought you by Volvo Cars, White Planes. 171 00:09:22,040 --> 00:09:25,400 Speaker 1: Visit Volvo Cars White Planes. Dot Com like a bar 172 00:09:25,520 --> 00:09:28,200 Speaker 1: has the latest headlines from Brussels, myke town, thank you 173 00:09:28,280 --> 00:09:30,920 Speaker 1: very much. At least twenty six people are dead after 174 00:09:31,000 --> 00:09:35,199 Speaker 1: three blasts at Brussels airport and the city subway system. 175 00:09:35,520 --> 00:09:39,200 Speaker 1: Belgian police have locked down Brussels. Belgian Ambassador to the 176 00:09:39,320 --> 00:09:42,680 Speaker 1: U S. Johann Rebecky, spoke to reporters at the embassy 177 00:09:42,679 --> 00:09:46,280 Speaker 1: in Washington. People, of course, in this stage are in 178 00:09:46,360 --> 00:09:50,920 Speaker 1: the process of helping the victims, making sure that they 179 00:09:50,920 --> 00:09:55,800 Speaker 1: get the first that they needed. Republican Donald Trump and 180 00:09:55,880 --> 00:09:58,559 Speaker 1: the Democrat Hillary Clinton will try to pad their delegate 181 00:09:58,640 --> 00:10:01,760 Speaker 1: lead over their underdog right vols today and contests for 182 00:10:01,880 --> 00:10:05,680 Speaker 1: both parties in Arizona and Utah. Democrats in Idaho also 183 00:10:05,800 --> 00:10:10,360 Speaker 1: hold presidential caucuses. Preference poles show that Republican Ted Cruz 184 00:10:10,400 --> 00:10:13,040 Speaker 1: has a chance to claim more than fifty of the 185 00:10:13,080 --> 00:10:16,920 Speaker 1: caucus vote. In Utah, Democrat Bernie Sanders has targeted today's 186 00:10:17,000 --> 00:10:20,440 Speaker 1: races as the start of a comeback tour. President Obama 187 00:10:20,480 --> 00:10:23,600 Speaker 1: will give a televised speech today in Havana. The President, 188 00:10:23,679 --> 00:10:25,840 Speaker 1: on the third day of his historic trip to Cuba, 189 00:10:26,080 --> 00:10:29,439 Speaker 1: will also meet with dissidents. Global News twenty four hours 190 00:10:29,440 --> 00:10:32,719 Speaker 1: a day, powered by our twenty four hundred journalists more 191 00:10:32,720 --> 00:10:35,000 Speaker 1: than one hundred fifty news bureaus from around the world. 192 00:10:35,280 --> 00:10:37,960 Speaker 1: Michael bar Mike, Tom, and Michael thanks so much. Sterling 193 00:10:38,240 --> 00:10:40,000 Speaker 1: is the great mover of the day. Down a hundred 194 00:10:40,000 --> 00:10:45,520 Speaker 1: and fifty three dollar forty two fifteen on weaker Sterling, Euros, Swissy, 195 00:10:45,600 --> 00:10:50,320 Speaker 1: Swissy stronger one O eight nine seven on Swiss as 196 00:10:50,360 --> 00:10:53,480 Speaker 1: you would expect, swissfering doing it better. With more from 197 00:10:53,520 --> 00:10:56,280 Speaker 1: Brussels and from our world headquarters in New York. This 198 00:10:56,400 --> 00:11:03,200 Speaker 1: is Bloomberg Surveillance. Bloomberg Surveillance is brought you by WITHAM 199 00:11:03,200 --> 00:11:05,960 Speaker 1: Smith and Brown CPA's audit, tax and advisory services to 200 00:11:06,000 --> 00:11:08,760 Speaker 1: helpier business be in a position of strength. Experienced the 201 00:11:08,760 --> 00:11:15,200 Speaker 1: witham Way by visiting witham dot com